increase, ours is the first major all India sector to secure wage revision. It is a
positive breakthrough for the trade unions in general.
F Our Settlement would immediately benefit the employees in the entire financial
AI
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F Increase in working hours is one of the key labour reforms this NDA Government
productivity. IBA proposed fixed pay and variable pay concept. 14th Finance
Commission has also recommended the same. But we could continue the
old pattern of uniform pay scales and wages for all.
F A total of 43 Banks ( 25 Public Sector Banks, 11 Private Banks and 7 foreign
are the first sector in the entire country to achieve pay scales linked to this
higher index.
F Merger of DA upto 4440 points i.e. 401 slabs is the highest so far as compared
settlements.
F Shifting to Payslip basis is a new and positive feature.
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cadre for the month of May, 2015 in Metro centres would be Rs. 72,450.
F Gross Salary of a senior Daftary in Substaff cadre for the month of May, 2015
in Metro centres would be Rs. 38,700 and for a senior Driver, Rs. 42,000.
F Superannuation cost/pension cost will be outside the load of Rs. 4725 crores.
F Impressive improvement in Hospitalisation Reimbursement scheme with full
F To off-set the restriction on loading into Basic pay, a new Special Allowance
one more stagnation increment before their retirement during this Settlement
period i.e. before 31-10-2017.
F Quantum of HRA stands enhanced substantially. Further, HRA at rural and
semi urban places with less than 5 lacs population brought at par with places
upto 12 lacs. 1,50,000 employees working in these areas and branches would
be benefited by this.
F For Part time employees, their actual service would be reckoned for pension
AI
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Organisations, our base units in the Banks and all our District and local coordination Committees for effectively implementing all our struggles during
AI
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We are thankful to the entire bank employees and officers for their exemplary
We are thankful to all the Central Trade Unions who have supported our
Trade Union Congress for his matured guidance and advices to us at crucial
moments during the course of negotiations and struggle.
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TECHNICAL DETAILS
a)
The Settlement was signed on 25th may, 2015 between Indian Banks Association
and AIBEA, NCBE, BEFI, NOBW, INBEF.
b)
The Settlement has been signed under Section 2(p) and Section 18 (1) of the
Industrial Disputes Act.
c)
43 Banks ( 25 PSBs, 11 Private Banks and 7 Foreign Banks ) are covered by the
Settlement as under:
1. Allahabad Bank
2. Andhra Bank
4. Bank of India
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5. Bank of Maharashtra
3. Bank of Baroda
6. Canara Bank
10
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29. ING Vysya Bank Ltd. (now Kotak Mahindra Bank Ltd.)
30. The Jammu & Kashmir Bank Ltd.
31. The Karnataka Bank Ltd.
d)
Total Clerks
3,08,175
Total Substaff
1,31,567
Total workmen
25,156
4,64,898
Including Private Banks and Foreign Banks who are parties to the Settlement,
around 4,80,000 as on 1-11-2012.
As of now, the total workman covered by these Banks is around 6,50,000.
Period of Settlement: 5 years from 1-11-2012 upto 31-10-2017
f)
Wage increase : Rs. 2,270 crores i.e. 15 % increase over the payslip cost as on
March, 2012.
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e)
Rs. In crores
Officer
Payslip Components:
BP, DA, CCA, HRA, Spl.Pay,
FPP, PQP, Transport Allowance ,
Annual Medical Aid
Workmen
Total
16,365
15,138
31,503
Retirement Benefits
9,021
8,116
17,137
1,344
1,233
2,577
3,491
1,484
5,075
30,221
26,071
56,292
TOTAL
Payslip cost i.e. :
15,138
15 % =
For officers
16,365
15 % =
Total
31,503
15 % =
12
Annual Average Per Capita Increase : Rs. 50,200 as compared to Rs. 34,500
under 9th BP Settlement on Pay slip increase.
3rd
BPS Rs.
4th
BPS Rs.
2,200
5th
BPS Rs.
4,150
6th
BPS Rs.
7,390
7th
8th
9th
10th
AI
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g)
13
469.67
2.87
PQP + DA
3.09
0.02
2.40
0.01
Spl. Pay + DA
9.42
0.06
14.54
0.10
8.48
0.05
FPP
125.32
0.83
36.74
0.22
Pay + DA items
539.09
3.56
517.29
3.15
Spl. Allowance + DA
1142.55
7.55
1430.72
8.74
DA bearing items
1681.64
11.11
1948.01
11.90
Addl. Stagn. + DA
DA/HRA on FPP
386.72
AI
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BP + DA
Officers
31.71
0.21
8.10
0.05
HRA
440.04
2.91
350.91
2.14
Transport Allowance
106.82
0.70
Medical Aid
9.04
0.06
87.74
0.54
HRA on Addl.
Stagn. Increment
1.12
0.01
0.29
0.00
59.55
0.36
2270.37
15.00
2454.60
15.00
CCA
TOTAL
14
meeting, it was decided that in view of the impending expiry of the 9th BPS by
end of October, 2012, AIBEA should initiate the steps for formulating our basic
approach to the next wage revision settlement and also to work out the charter
of demands.
r In Bangalore, on 3rd and 4th May, 2012, Central Committee meeting of AIBEA
was held when the Sub-Committee to formulate the Charter of Demands was
set up with Com. D.D Rustagi, our Joint Secretary as the Convener.
r The Wages Sub-Committee invited suggestions from all our units and collected
the viewpoints of our State Federations, Bankwise Unions and other units.
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received:
bearers and then the Charter of Demands were finalised along with the basic
approach to be taken and outlining our priorities.
meeting of AIBEA held at Chennai on 16th and 17th August, 2012 wherein the
same was approved and endorsed.
r In view of the need to work out a common charter of demands on behalf of the
broad common view was finalised on the united approach of UFBU to submit
the demands together to the IBA.
r On 30-10-2012, the Common Charter of Demands were submitted to
the IBA.
15
16.
27-06-2014
2.
22-04-2013
17.
15-07-2014
3.
07-06-2013
18.
17-09-2014
4.
12-08-2013
19.
26-09-2014
5.
11-10-2013
20.
13-10-2014
6.
20-11-2013
21.
05-11-2014
7.
14-12-2013
22.
10-11-2014
8.
16-12-2013
9.
23-12-2013
1.
01-12-2014
24.
17-12-2014
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23.
10.
17-01-2014
25.
05-01-2015
11.
27-01-2014
26.
06-01-2015
12.
06-02-2014
27.
19-01-2015
13.
03-03-2014
28.
03-02-2015
14.
14-03-2014
29.
20-02-2015
15.
13-06-2014
30.
23-02-2015
AIBEA meetings:
AIBEA also held frequent meetings to take stock of the developments and take
appropriate decisions.
1. GENERAL COUNCIL
MEETING
3. CC MEETING
16
5. CC MEETING
8. CC MEETING
13. CC MEETING
14. GC MEETING
16. CC MEETING
AI
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AIBEA CC meeting was held on 5 occasions during this period to adopt our approach
and strategies on the wage revision process.
17
Round 2
22-04-2013
Round 3
07-06-2013
Round 4
12-08-2013
Round 5
11-10-2013
Round 6
14-12-2013
Round 7
17-01-2014
Round 8
27-01-2014
03-03-2014
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Round 9
Round 1
Round 10
14-03-2014
Round 11
13-06-2014
Round 12
17-09-2014
Round 13
26-09-2014
Round 14
10-11-2014
Round 15
06-01-2015
Round 16
07-01-2015
Round 17
03-02-2015
Round 18
23-02-2015
MINUTES OF DISCUSSIONS SIGNED
ROUND 19
16-02-2015
ROUND 20
19-05-2015
DISTRIBUTION CHART SIGNED
25-02-2015
18
- 1DAY
IMPLEMENTED
20/21-1-2014
DEFERRED
10/11-2-2014
- 2DAYS IMPLEMENTED
12-11-2014
- 1DAY
IMPLEMENTED
- 1DAY
IMPLEMENTED
DEFERRED
7-1-2015
21 TO 24-1-2015
25 TO 28-2-2015
- 4DAYS
DEFERRED
- 4DAYS
WITHDRAWN
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WITHDRAWN
PLACE
1. 16-12-13
DELHI
2. 13-01-14
DELHI
3. 06-02-14
DELHI
4. 05-11-14
DELHI
5. 10-11-14
DELHI
6. 01-12-14
MUMBAI
7. 08-12-14
MUMBAI
8. 17-12-14
MUMBAI
9. 05-01-15
DELHI
10. 20-02-15
DELHI
19
Both these meetings were arranged by Com D Raja, MP from Communist Party
of India at short notice.
AI
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Especially our meeting with FM on 19-2-2015 was very fruitful since we could
explain the details of our demands directly to him and also explain the urgency to settle
the demands. Everyone knows that matters moved swiftly thereafter and within 4 days
MOU was signed on 23-2-2015.
20
Minutes of the discussions held on 23rd February 2015 between IBA representing
Management of banks which are parties to the Bipartite Settlement and
Workmen Unions and Officers Associations on wage revision
Officers Associations on wage revision for officers in banks. After holding several rounds
of discussions, the parties have mutually agreed as under:
2.
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1.
The annual wage increase in salary and allowances @15% which works out to
Rs. 4725 crores on salary slip components.
3.
4.
5.
Every second and fourth Saturday of the month will be holiday and the other
Saturdays will be full working days.
6.
7.
The parties will meet on mutually convenient dates to draw out a detailed Bipartite
Settlement/Joint Note on the various issues on which consensus positions have
21
been reached. The parties will endeavour to finalise the Bipartite Settlement/Joint
Note within a period of ninety days from the date of this minutes.
Signed at Mumbai on 23rd February 2015
FOR MANAGEMENT
Ashwani Kumar
Arun Tiwari
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Sd/- K. Unnikrishnan
Sd/- K.S. Chauhan
22
23
AI
BE
24
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
5850
6050
6250
6450
6650
6900
7150
7400
7650
7900
8200
8500
8800
9100
9450
9800
10150
10550
10950
11350
11750
12150
12550
12950
13350
13750
14150
9560
9885
10210
10535
10860
11270
11680
12090
12500
12910
13400
13890
14380
14870
15440
16010
16580
17235
17890
18545
19200
19855
20510
21165
21820
22475
23130
Gross
Salary
1669.55
1717.20
1764.85
1812.50
1861.26
1925.07
1990.00
2054.93
2119.86
2184.79
2259.84
2333.78
2408.83
2483.88
2570.17
2650.34
2735.52
2837.97
2939.31
3041.77
3144.22
3246.67
3349.13
3450.47
3552.93
3655.38
3757.83
Gross
Increase
12 to45 lacs
12709.20
13126.60
13544.00
13961.40
14379.91
14905.87
15432.95
15960.03
16487.11
17014.19
17643.84
18272.38
18902.03
19531.68
20265.02
21042.24
21774.47
22616.37
23457.16
24299.07
25140.97
25982.87
26824.78
27665.57
28507.48
29349.38
30191.28
Gross
Salary
1576.80
1621.32
1665.85
1710.37
1756.01
1815.82
1876.75
1937.68
1998.61
2059.54
2129.84
2199.03
2269.33
2339.63
2420.42
2495.09
2574.77
2670.85
2765.81
2861.89
2957.97
3054.05
3150.13
3245.10
3341.18
3437.25
3533.33
Gross
Increase
5 to12 lacs
12565.80
12978.32
13390.85
13803.37
14217.01
14736.82
15257.75
15778.68
16299.61
16820.54
17442.84
18064.03
18686.33
19308.63
20033.42
20802.09
21525.77
22357.85
23188.81
24020.89
24852.97
25685.05
26517.13
27348.10
28180.18
29012.25
29844.33
Gross
Salary
1632.45
1678.85
1725.25
1771.65
1819.16
1881.37
1944.70
2008.03
2071.36
2134.69
2207.84
2279.88
2353.03
2426.18
2510.27
2588.24
2671.22
2771.12
2869.91
2969.82
3069.72
3169.62
3269.53
3368.32
3468.23
3568.13
3668.03
Gross
Increase
AI
BE
12565.80
12978.32
13390.85
13803.37
14217.01
14736.82
15257.75
15778.68
16299.61
16820.54
17442.84
18064.03
18686.33
19308.63
20033.42
20802.09
21525.77
22357.85
23188.81
24020.89
24852.97
25685.05
26517.13
27348.10
28180.18
29012.25
29844.33
Gross
Salary
1606.05
1651.57
1697.10
1742.62
1789.26
1850.32
1912.50
1974.68
2036.86
2099.04
2170.84
2241.53
2313.33
2385.13
2467.67
2544.09
2625.52
2723.60
2820.56
2918.64
3016.72
3114.80
3212.88
3309.85
3407.93
3506.00
3604.08
Gross
Increase
AS ON NOVEMBER , 2012
Below 5 Lacs
25
7200
7600
8000
8400
8900
9400
9900
10500
11100
11700
12300
13000
13700
14400
15100
15800
16500
17200
18500
19300
20100
20900
21700
22500
23300
24100
24900
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
12420
13075
13730
14545
15360
16175
17155
18135
19115
20095
21240
22385
23530
24675
25820
26965
28110
30230
31540
32850
34160
35470
36780
38090
39400
40710
11765
15660.28
Gross
Salary
2109.73
2211.08
2313.53
2436.23
2558.93
2682.74
2832.85
2981.84
3131.94
3282.05
3459.55
3637.06
3814.56
3990.96
4163.46
4340.97
4518.47
4838.92
5042.72
5247.63
5451.43
5656.33
5860.13
6065.04
6269.94
6473.74
2007.28
Gross
Increase
12 to 45 lacs
16384.53
17225.33
18067.23
19114.28
20161.33
21209.49
22468.80
23726.99
24986.29
26245.60
27717.15
29188.71
30660.26
32130.71
33647.26
35118.82
36590.37
39314.12
40996.82
42680.63
44363.33
46047.13
47729.83
49413.64
51097.44
52780.14
15542.63
Gross
Salary
16198.23
17029.20
17861.28
18896.11
19930.93
20966.87
22211.47
23454.97
24699.57
25944.17
27398.55
28852.93
30307.31
31760.58
33259.96
34714.34
36168.72
38860.67
40523.72
42187.88
43850.93
45515.08
47178.13
48842.29
50506.44
52169.49
1989.23
2084.20
2180.28
2295.11
2409.93
2525.87
2666.47
2805.97
2946.57
3087.17
3253.55
3419.93
3586.31
3751.58
3912.96
4079.34
4245.72
4545.67
4736.72
4928.88
5119.93
5312.08
5503.13
5695.29
5887.44
6078.49
1893.16
Gross
Increase
5 to12 lacs
15366.16
Gross
Salary
2061.53
2160.33
2260.23
2379.78
2499.33
2619.99
2766.30
2911.49
3057.79
3204.10
3377.15
3550.21
3723.26
3895.21
4063.26
4236.32
4409.37
4721.62
4920.32
5120.13
5318.83
5518.63
5717.33
5917.14
6116.94
6315.64
1961.63
Gross
Increase
AI
BE
16198.23
17029.20
17861.28
18896.11
19930.93
20966.87
22211.47
23454.97
24699.57
25944.17
27398.55
28852.93
30307.31
31760.58
33259.96
34714.34
36168.72
38860.67
40523.72
42187.88
43850.93
45515.08
47178.13
48842.29
50506.44
52169.49
15366.16
Gross
Salary
2027.23
2124.20
2222.28
2339.61
2456.93
2575.37
2718.97
2861.47
3005.07
3148.67
3318.55
3488.43
3658.31
3827.08
3991.96
4161.84
4331.72
4638.17
4833.22
5029.38
5224.43
5420.58
5615.63
5811.79
6007.94
6202.99
1929.16
Gross
Increase
AS ON NOVEMBER , 2012
Below 5 Lacs
26
2017.49
2076.54
2135.59
2194.64
2255.02
2333.89
2414.10
2494.30
2574.50
2654.71
2747.54
2839.04
2931.88
3024.71
3131.52
3231.99
3337.46
3464.08
3589.36
3715.98
3842.61
3969.23
4095.85
4221.14
4347.76
4474.38
4601.00
5609.09
15057.84
15555.04
16052.24
16549.44
17047.97
17674.49
18302.35
18930.20
19558.05
20185.91
20935.94
21684.64
22434.68
23184.71
24058.27
24975.49
25847.71
26850.58
27852.11
28854.98
29857.86
30860.73
31863.60
32865.14
33868.01
34870.88
35873.75
36875.29
14914.44
15406.76
15899.09
16391.41
16885.07
17505.44
18127.15
18748.85
19370.55
19992.26
20734.94
21476.29
22218.98
22961.66
23826.67
24735.34
25599.01
26592.05
27583.76
28576.81
29569.86
30562.90
31555.95
32547.66
33540.71
34533.75
35526.80
36518.51
1980.39
2038.19
2095.99
2153.79
2212.92
2290.19
2368.80
2447.40
2526.00
2604.61
2695.54
2785.14
2876.08
2967.01
3071.62
3169.89
3273.16
3397.23
3519.96
3644.03
3768.11
3892.18
4016.25
4138.98
4263.06
4387.13
4511.20
5512.74
1924.74
1980.66
2036.59
2092.51
2149.77
2224.64
2300.85
2377.05
2453.25
2529.46
2617.54
2704.29
2792.38
2880.46
2981.77
3076.74
3176.71
3296.95
3415.86
3536.11
3656.36
3776.60
3896.85
4015.76
4136.01
4256.25
4376.50
5368.21
Gross Increase
5-12 lacs/capitals
AI
BE
Gross Salary
1
5850
9560
15153.44
2
6050
9885
15653.89
3
6250
10210
16154.34
4
6450
10535
16654.79
5
6650
10860
17156.57
6
6900
11270
17787.19
7
7150
11680
18419.15
8
7400
12090
19051.10
9
7650
12500
19683.05
10
7900
12910
20315.01
11
8200
13400
21069.94
12
8500
13890
21823.54
13
8800
14380
22578.48
14
9100
14870
23333.41
15
9450
15440
24212.67
16
9800
16010
25135.59
17 10150
16580
26013.51
18 10550
17235
27022.93
19 10950
17890
28031.01
20
11350
18545
29040.43
21
11750
19200
30049.86
22 12150
19855
31059.28
23 12550
20510
32068.70
24 12950
21165
33076.79
25 13350
21820
34086.21
26 13750
22475
35095.63
27 14150
23130
36105.05
28 14150
23785
37113.14
Chart does not include Spl. Pay, PQP, FPP
1953.99
2010.91
2067.84
2124.76
2183.02
2259.14
2336.60
2414.05
2491.50
2568.96
2658.54
2746.79
2836.38
2925.96
3029.02
3125.74
3227.46
3349.70
3470.61
3592.86
3715.11
3837.35
3959.60
4080.51
4202.76
4325.00
4447.25
5438.96
27
24900
28
42020
11765
12420
13075
13730
14545
15360
16175
17155
18135
19115
20095
21240
22385
23530
24675
25820
26965
28110
30230
31540
32850
34160
35470
36780
38090
39400
40710
AI
BE
12-45 lacs+ Goa
2435.25
2561.87
2687.16
2813.78
2965.66
3117.55
3270.77
3456.45
3640.78
3826.45
4012.12
4231.58
4451.04
4670.50
4888.62
5103.08
5322.54
5541.99
5938.60
6190.51
6443.75
6695.66
6948.90
7200.81
7454.05
7707.30
7959.21
9978.05
65207.35
64787.15
18433.00
19435.87
20437.41
21440.28
22687.51
23934.75
25183.32
26683.40
28182.13
29682.20
31182.27
32935.18
34688.09
36441.00
38192.57
39990.48
41743.39
43496.29
46740.80
48745.21
50750.95
52755.36
54761.10
56765.51
58771.25
60777.00
62781.41
9806.85
64156.85
18256.52
19249.57
20241.28
21234.33
22469.34
23704.35
24940.70
26426.07
27910.11
29395.48
30880.85
32616.58
34352.32
36088.05
37822.44
39603.18
41338.91
43074.64
46287.35
48272.11
50258.20
52242.96
54229.05
56213.81
58199.90
60186.00
62170.76
2389.60
2513.67
2636.41
2760.48
2909.21
3057.95
3208.02
3389.90
3570.43
3752.30
3934.17
4149.18
4364.19
4579.20
4792.87
5002.88
5217.89
5432.89
5821.30
6068.11
6316.25
6563.06
6811.20
7058.01
7306.15
7554.30
7801.11
9550.05
2321.12
2441.37
2560.28
2680.53
2824.54
2968.55
3113.90
3290.07
3464.91
3641.08
3817.25
4025.58
4233.92
4442.25
4649.24
4852.58
5060.91
5269.24
5645.35
5884.51
6125.00
6364.16
6604.65
6843.81
7084.30
7324.80
7563.96
Gross Increase
5-12 lacs/capitals
18550.65
19560.07
20568.16
21577.58
22832.96
24088.35
25345.07
26854.95
28363.48
29873.35
31383.22
33147.58
34911.94
36676.30
38439.32
40248.68
42013.04
43777.39
47043.10
49060.61
51079.45
53096.96
55115.80
57133.31
59152.15
61171.00
63188.51
Gross Salary
7200
7600
8000
8400
8900
9400
9900
10500
11100
11700
12300
13000
13700
14400
15100
15800
16500
17200
18500
19300
20100
20900
21700
22500
23300
24100
24900
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
64156.85
18256.52
19249.57
20241.28
21234.33
22469.34
23704.35
24940.70
26426.07
27910.11
29395.48
30880.85
32616.58
34352.32
36088.05
37822.44
39603.18
41338.91
43074.64
46287.35
48272.11
50258.20
52242.96
54229.05
56213.81
58199.90
60186.00
62170.76
9674.55
2357.12
2479.37
2600.28
2722.53
2869.04
3015.55
3163.40
3342.57
3520.41
3699.58
3878.75
4090.58
4302.42
4514.25
4724.74
4931.58
5143.41
5355.24
5737.85
5981.01
6225.50
6468.66
6713.15
6956.31
7200.80
7445.30
7688.46
28
5850
6050
6250
6450
6650
6900
7150
7400
7650
7900
8200
8500
8800
9100
9450
9800
10150
10550
10950
11350
11750
12150
12550
12950
13350
13750
14150
14150
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
9885
10210
10535
10860
11270
11680
12090
12500
12910
13400
13890
14380
14870
15440
16010
16580
17235
17890
18545
19200
19855
20510
21165
21820
22475
23130
23785
9560
585.00
HRA @
10%
988.50
1021.00
1053.50
1086.00
1127.00
1168.00
1209.00
1250.00
1291.00
1340.00
1389.00
1438.00
1487.00
1544.00
1601.00
1658.00
1723.50
1789.00
1854.50
1920.00
1985.50
2051.00
2116.50
2182.00
2247.50
2313.00
2378.50
956.00
HRA @
10%
544.50
562.50
580.50
598.50
621.00
643.50
666.00
688.50
711.00
738.00
765.00
792.00
819.00
850.50
882.00
913.50
949.50
985.50
1021.50
1057.50
1093.50
1129.50
1165.50
1201.50
1237.50
1273.50
1273.50
526.50
HRA @
9%
453.75
468.75
483.75
498.75
517.50
536.25
555.00
573.75
592.50
615.00
637.50
660.00
682.50
708.75
735.00
761.25
791.25
821.25
851.25
881.25
911.25
941.25
971.25
1001.25
1031.25
1061.25
1061.25
438.75
HRA @
7.5%
889.65
918.90
948.15
977.40
1014.30
1051.20
1088.10
1125.00
1161.90
1206.00
1250.10
1294.20
1338.30
1389.60
1440.90
1492.20
1551.15
1610.10
1669.05
1728.00
1786.95
1845.90
1904.85
1963.80
2022.75
2081.70
2140.65
860.40
HRA @
9%
AI
BE
Substaff - HRA
741.38
765.75
790.13
814.50
845.25
876.00
906.75
937.50
968.25
1005.00
1041.75
1078.50
1115.25
1158.00
1200.75
1243.50
1292.63
1341.75
1390.88
1440.00
1489.13
1538.25
1587.38
1636.50
1685.63
1734.75
1783.88
717.00
HRA @
7.5%
423.50
437.50
451.50
465.50
483.00
500.50
518.00
535.50
553.00
574.00
595.00
616.00
637.00
661.50
686.00
710.50
738.50
766.50
794.50
822.50
850.50
878.50
906.50
934.50
962.50
990.50
990.50
409.50
HRA @
7%
741.38
765.75
790.13
814.50
845.25
876.00
906.75
937.50
968.25
1005.00
1041.75
1078.50
1115.25
1158.00
1200.75
1243.50
1292.63
1341.75
1390.88
1440.00
1489.13
1538.25
1587.38
1636.50
1685.63
1734.75
1783.88
717.00
HRA @
7.5%
29
7200
7600
8000
8400
8900
9400
9900
10500
11100
11700
12300
13000
13700
14400
15100
15800
16500
17200
18500
19300
20100
20900
21700
22500
23300
24100
24900
24900
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
42020
12420
13075
13730
14545
15360
16175
17155
18135
19115
20095
21240
22385
23530
24675
25820
26965
28110
30230
31540
32850
34160
35470
36780
38090
39400
40710
11765
2490.00
4202.00
1242.00
1307.50
1373.00
1454.50
1536.00
1617.50
1715.50
1813.50
1911.50
2009.50
2124.00
2238.50
2353.00
2467.50
2582.00
2696.50
2811.00
3023.00
3154.00
3285.00
3416.00
3547.00
3678.00
3809.00
3940.00
4071.00
1176.50
HRA @
10%
Clerks - HRA
2241.00
684.00
720.00
756.00
801.00
846.00
891.00
945.00
999.00
1053.00
1107.00
1170.00
1233.00
1296.00
1359.00
1422.00
1485.00
1548.00
1665.00
1737.00
1809.00
1881.00
1953.00
2025.00
2097.00
2169.00
2241.00
648.00
HRA @
9%
3781.80
1867.50
570.00
600.00
630.00
667.50
705.00
742.50
787.50
832.50
877.50
922.50
975.00
1027.50
1080.00
1132.50
1185.00
1237.50
1290.00
1387.50
1447.50
1507.50
1567.50
1627.50
1687.50
1747.50
1807.50
1867.50
540.00
HRA @
7.5%
1117.80
1176.75
1235.70
1309.05
1382.40
1455.75
1543.95
1632.15
1720.35
1808.55
1911.60
2014.65
2117.70
2220.75
2323.80
2426.85
2529.90
2720.70
2838.60
2956.50
3074.40
3192.30
3310.20
3428.10
3546.00
3663.90
1058.85
HRA @
9%
AI
BE
760.00
800.00
840.00
890.00
940.00
990.00
1050.00
1110.00
1170.00
1230.00
1300.00
1370.00
1440.00
1510.00
1580.00
1650.00
1720.00
1850.00
1930.00
2010.00
2090.00
2170.00
2250.00
2330.00
2410.00
2490.00
720.00
HRA @
10%
3151.50
931.50
980.63
1029.75
1090.88
1152.00
1213.13
1286.63
1360.13
1433.63
1507.13
1593.00
1678.88
1764.75
1850.63
1936.50
2022.38
2108.25
2267.25
2365.50
2463.75
2562.00
2660.25
2758.50
2856.75
2955.00
3053.25
882.38
HRA @
7.5%
1743.00
532.00
560.00
588.00
623.00
658.00
693.00
735.00
777.00
819.00
861.00
910.00
959.00
1008.00
1057.00
1106.00
1155.00
1204.00
1295.00
1351.00
1407.00
1463.00
1519.00
1575.00
1631.00
1687.00
1743.00
504.00
HRA @
7%
3151.50
931.50
980.63
1029.75
1090.88
1152.00
1213.13
1286.63
1360.13
1433.63
1507.13
1593.00
1678.88
1764.75
1850.63
1936.50
2022.38
2108.25
2267.25
2365.50
2463.75
2562.00
2660.25
2758.50
2856.75
2955.00
3053.25
882.38
HRA @
7.5%
EMOLUMENTS AT A GLANCE:
EXAMPLE:
A NEW CLERK ( GRADUATE ) JOINING THE BANK IN JUNE, 2015
45 Lacs &
MORE
12-45
LACS
BELOW
12 LACS
13075
13075
13075
DA 33.70%
4406
4406
4406
1356
1356
1356
1308
1177
981
425
425
425
20,570
20,439
20,243
Transport Allowance
AI
BE
Basic Pay
12-45
LACS
BELOW
12 LACS
Basic Pay
9560
9560
9560
DA 33.70%
3222
3222
3222
990
990
990
956
860
717
Transport Allowance
425
425
425
15,153
15,057
14,914
30
EXAMPLE:
A SENIOR SUBSTAFF / DAFTARY / WITH 8 STAGNATION INCREMENTS IN
JUNE, 2015 IN A METRO CENTRE:
9TH BPS
BASIC PAY
10TH BPS
14,150
23,785
340
560
1,843
16,040
8,825
FPP
470
790
HRA
1,449
2,435
SPL. PAY
SPECIAL ALLOWANCE
Transport Allowance
AI
BE
Total Salary
DA
275
470
32,724
38,708
INCREASE
5,984
BASIC PAY
10TH BPS
24,900
42,020
PQP
1,230
2,010
SPL. PAY
1,180
1,930
3,256
30,232
16,586
FPP
940
1,585
HRA
2,731
4,596
275
470
61,488
72,453
SPECIAL ALLOWANCE
DA
Transport Allowance
Total Salary
INCREASE
10,965
31
61,000
59,700
82,500
80,800
148,500
267,000
AI
BE
32
118,200
210,000
655
3
13730
815
3
16175
28110
2120
1
30230
1310
1
31540
980
4
20095
1145
7
42020
Subordinate Staff
10860
16580
655
3
18545
410
5
12910
490
4
325
4
AI
BE
9560
14870
23785
2. Fitment from 9th BPS Basic Pay to 10th BPS Basic Pay
Fitment will be given stage to stage
SUBSTAFF
Stage
9th BP Basic
5850
9560
6050
9885
6250
10210
6450
10535
6650
10860
6900
11270
7150
11680
7400
12090
7650
12500
33
570
3
7900
12910
11
8200
13400
12
8500
13890
13
8800
14380
14
9100
14870
15
9450
15440
16
9800
16010
17
10150
16580
18
10550
17235
19
10950
17890
20
11350
18545
21
11750
19200
AI
BE
10
22
12150
19855
23
12550
20510
24
12950
21165
25
13350
21820
26
13750
22475
27
14150
23130
28
14150
23785
Stage
9th BP Basic
7200
11765
7600
12420
8000
13075
8400
13730
8900
14545
9400
15360
34
9900
16175
10500
17155
11100
18135
10
11700
19115
11
12300
20095
12
13000
21240
13
13700
22385
14
14400
23530
15
15100
24675
16
15800
25820
17
16500
26965
18
17200
28110
AI
BE
19
18500
30230
20
19300
31540
21
20100
32850
22
20900
34160
23
21700
35470
24
22500
36780
25
23300
38090
26
24100
39400
27
24900
40710
28
24900
42020
3. Stagnation Increments:
Clerical:
8 stagnation Increments of Rs. 1310 each
5 increments once in 3 years and 3 increments once in 2 years
35
Substaff :
8 Stagnation Increments of Rs. 655 each
All stagnation increments once in 2 years
Additional 8th Stagnation Increment : Those already in receipt of 7 stagnation
increments shall be eligible for the 8th stagnation increment on 1-5-2015 or 2 years
after receiving the 7th stagnation increment, whichever is later.
5th to 6th Stagnation Increment
(a) Period reduced to 2 years (3 years under 9th BPS)
(b) An employee who has completed 2 years or more after receiving 5th stagnation
increment as on 1st November 2012 shall receive the 6th stagnation increment
as on 1st November 2012. (financial benefit w.e.f. 1-5-2015)
AI
BE
10th BPS
250
410
490
800
740
1210
990
1620
1230
2010
36
5.
10th BPS
800
1310
400
655
9th BPS
10th BPS
860
1450
430
725
CLERK:
Total FPP as per area of posting
(ii)
(iii)
(iv)
10th BPS
940
1585
930
1570
920
915
AI
BE
(i)
9th BPS
1550
SUBSTSAFF:
(i)
(ii)
(iii)
(v)
470
790
465
790
460
460
37
780
6.
SPECIAL PAY :
9th BPS
Single Window Operator
500
820
Head Cashier
780
1280
1180
1930
240
390
Daftary
340
560
Head Peon
450
740
AC Plant Helper/Electrician
1250
2040
Driver
1450
2370
Dearness Allowance:
AI
BE
9th BPS
Special Assistant
7.
10th BPS
10th BPS
9th BPS
10th BPS
76.50 %
10.90%
80.25 %
13.40 %
84.15 %
16.00 %
88.95 %
19.20 %
96.15 %
24.00 %
99.90 %
26.50 %
97.50 %
24.90 %
102.45 %
28.20 %
109.80 %
33.10 %
110.10 %
33.30 %
110.70 %
33.70 %
38
8.
Substaff
9th
10th
9th
10th
1st stage
10.80
11.76
8.77
9.56
20th stage
28.95
31.54
17.00
18.55
At Max. stage
37.35
42.02
21.22
23.78
Definition of Pay for DA : Basic Pay, Stagnation increments, PQP, Special Pay,
Offg. Pay, SPECIAL ALLOWANCE
Definition of Pay for DA and HRA : Basic Pay, Stagnation increments, PQP,
Special Pay, Offg. Pay
AI
BE
9.
9th BPS
10th BPS
10 %
10 %
9%
9%
7.5 %
7.5 %
Other places *
7.0 %
7.5 %
10th BPS
225
425
275
470
Pro rata of
225
425
275
470
Note: Substaff drawing Rs. 470 on being promoted as clerk will continue to get
Rs. 470 even if fitted at below 16th stage.
39
10th BPS
b.
AI
BE
a.
c.
Places with
population of
12 lakhs and
above and State
of Goa
Clerical
Staff
Places with
population
of 5 lakhs and above,
State Capitals/
Capitals of Union
Territories
Other Places
40
Sub-Staff
Sub-Staff
Rs.200/- p.m.
Rs.175/- p.m.
G Employees wife/husband
G Employees wife/husband
G Physically handicapped
AI
BE
brother/ sister
the employee
G parents
For LFC, a married female employee may include her parents or parents- in-law under
the definition of family, but not both, provided that the parents/parents-in-law are wholly
dependent on her.
For the purpose of medical expenses reimbursement scheme, for all employees,
any two of the dependent parents/ parents-in-law shall be covered.
41
Sub-staff
3000 kg.
2000 kg.
2000 kg.
1150 kg.
Rs.1,500/-
AI
BE
Clerical Staff
Subordinate Staff
Rs.1,000/-
Rs.1,000/-
Subordinate Staff
Rs.750/-
Substaff
clerks
2 year block
4 year block
by road or air upto the equivalent train fare amount for the admissible distance
or
42
encashed and a lump sum equivalent to 100% of the train fare ( 75% under 9th
BPS) for the admissible distance by the entitled class will be paid.
One more option will be available to choose between 4 year block or 2 year
block.
Employees can travel by steamer while on LFC and for clerks entitled class
would be I Class Cabin and for substaff II class cabin
AI
BE
Where an employee has to travel on duty /LFC by road, he/she will be reimbursed
actual road mileage or Rs. 6 per km whichever is less.
An employee shall be entitled to Casual Leave upto not more than 4 days
continuously but holidays and weekly offs prefixing/suffixing or falling within the
period of Casual Leave will not be treated as part of Casual Leave
Casual Leave converted into Sick Leave ( UCL) may be availed without production
of medical certificate for 4 days at a time once in a year or two days at a time twice
a year (in addition to availing for one day without medical certificate)
Where however, the reasons for the request by an employee for leave on more
than four occasions in a year are adequate and genuine and it is not administratively
inconvenient, such leave may be granted.
Privilege Leave can be applied upto not less than 15 days before the proposed
date of commencement of such leave.
29. Accumulation of Privilege Leave:
Privilege Leave shall be allowed to be accumulated up to a maximum of 270 days.
But encashment would be allowed upto 240 days at the time of retirement.
30. Maternity Leave :
(a) Maternity leave, which shall be on substantive pay, shall be granted to a female
employee for a period not exceeding 6 months on any one occasion and 12
months during the entire period of her service.
AI
BE
(b) Within the overall period of 12 months, leave may also be granted in case of
miscarriage/abortion/MTP.
(c) Within the overall period of 12 months, leave may also be granted in case of
hysterectomy upto a maximum of 60 days. ( it was 45 days under 9th
BPS)
(d) Leave may also be granted once during service to a childless female employee
for legally adopting a child who is below one year of age, for a maximum
period of six months ( it was 2 months under 9th BPS) , subject to the
following terms and conditions: (i) Leave will be granted for adoption of only one child.
(ii) The adoption of a child should be through a proper legal process and the
employee should produce the adoption-deed to the Bank for sanctioning
such leave.
(iii) The permanent part-time employees are also eligible for grant of leave
for adoption of a child.
(iv) The leave shall also be available to biological mother in cases where
the child is born through surrogacy.
(v) The leave shall be availed within overall entitlement of 12 months during
the entire period of service.
44
AI
BE
Joining time of six days allowable under Para 551 of Sastry Award may be granted
either immediately after relieving or within three months after joining the new
place of posting.
34. Holidays
Every second and fourth Saturday of the month will be a full holiday and
other Saturdays will be full working days.
(This will be effective after Notification of the change issued by the RBI / Government
of India which is expected shortly )
With effect from 1st November 2012, for the purpose of calculating the amount of
pension in respect of permanent part time employees in scale wages who are
covered by the Pension Scheme, their actual service shall be reckoned for
qualifying service and not pro rata.
36. Pension on revised Basic Pay from 1-11-12 & arrears of commutation:
In the case of employees in service as on 1-11-2012 and who have retired from
service upto 25-5-2015, their Pension and Commutation shall be recalculated
and paid based on the revised Basic Pay. Accordingly, the difference in
Commutation amount would be paid to them while to excess pension paid during
this period would be adjusted from the same.
45
Option available: Such employees will have an option not to claim the
incremental commutation as above in which case the pension amount also would
not undergo any change.
Example: ( A senior Special Asst. retired in January, 2014 at max. of payscale with
total Pay of Rs. 28,110 ) : If 1/3 basic pension was commuted, he will now get an
arrears in commutation of Rs. 3,50,217.
Consequently, monthly pension in May, 2015 would be Rs. 22,972 instead of
Rs. 24,845 received under 9th BPS i.e. reduction of Rs. Rs. 1873) He will have an
option not to claim the difference in Commutation of Rs. 3,50,217 and draw an
increase in pension at Rs. 1102.
Option 2
AI
BE
Option 1
Option 2
(ii)
(iii)
(v)
No age limit for dependent children (including step children and legally adopted
children).
(vi)
(vii)
(viii)
(ix)
Till the new scheme is made effective and gets implemented, the existing
provisions as per Bipartite Settlement dated 27.4.2010 will continue to operate.
(x)
AI
BE
(iv)
(xi)
The new Scheme would also cover the existing retired employees of the
Banks and dependent spouse subject to payment of stipulated premium by
them.
(xii)
(xiii)
Reimbursement shall cover Intensive Care Unit (ICU) expenses not exceeding
Rs. 7500/- per day or actual amount whichever is less.
(xiv)
47
scan, scopies and such similar expenses that are medically necessary or
incurred during hospitalization as per the advice of the attending doctor.
Hospitalization expenses (excluding cost of organ) incurred on donor in
respect of organ transplant to officers/ employee/dependent would also be
covered for reimbursement.
(xvi)
(xvii)
(xviii)
(xix)
AI
BE
(xv)
(xx)
However, in the case of officers / employees retiring from the Banks after the
scheme is introduced and those who are already retired from the services of
the banks and who opt to avail the benefits of the scheme, the amount of
contribution by such persons shall be decided at the respective Bank level.
(xxi)
(xxii)
(xxiii)
treatment as may be certified by the recognized hospital authorities and banks medical
officer shall be deemed as hospitalization expenses and reimbursed to the extent
of 100%.
o Cancer,
o Leukemia,
o Tuberculosis,
Hypertension,
o Paralysis,
Asthma,
o Cardiac Ailments,
Hepatitis - B,
o Pleurisy,
Hepatitis - C,
o Leprosy,
Hemophilia,
Myasthenia gravis,
Wilsons disease,
o Parkinsons diseases,
status asthamaticus,
o Ulcerative Colitis,
sequalea of meningitis,
o Epidermolysis bullosa,
osteoporosis,
muscular dystrophies,
o Arthritis,
o Hypothyroidism,
o expenses incurred on
o Kidney Ailment,
AI
BE
o Thalassemia,
caused by smoking)
o
o
49
o Glaucoma,
growth disorders,
o Tumor,
Graves disease,
o Diphtheria,
o Malaria,
Chronic Bronchitis,
Physiotherapy and
o Purpura,
swine flu
o Typhoid,
o Accidents of Serious Nature,
o Cerebral Palsy,
o Polio,
o all Strokes leading to Paralysis,
AI
BE
o chronic pancreatitis,
o Immuno suppressants,
(xxv) ID CARD: ID Cards would be issued to all the employees/ dependent family
members/retired employees/their dependents for the purpose of availing
cashless facility in network hospitals.
(xxvi) PRE-EXISTING DISEASE: Pre Existing Diseases would be covered for
reimbursement under this scheme.
(xxvii) PREHOSPITALISATION MEDICAL EXPENSES: Medical expenses
incurred immediately 30 days before the employee is hospitalized will be
considered as part of a claim.
50
Stroke
Paralysis
By Pass Surgery
Heart Attack
Kidney Failure
AI
BE
19
Haemo dialysis
2 Appendectomy
20
Fissurectomy / Fistulectomy
21
Mastoidectomy
22
Hydrocele
5 Coronary angioplasty
23
Hysterectomy
6 Dental surgery
24
Inguinal/ventral/umbilical
femoral hernia
7 D&C
25
Parenteral chemotherapy
Polypectomy
9 Eye surgery
Septoplasty
27
51
28
Piles/ fistula
11 Radiotherapy
29
Prostate surgeries
30
Sinusitis surgeries
13 Lithotripsy
31
Tonsillectomy
32
Liver aspiration
15 Varicocelectomy
33
Sclerotherapy
16 Wound suturing
34
17 FESS
35
Lumbar puncture
AI
BE
(xxxi) This condition will also not apply in case of stay in hospital of less than a day
provided the treatment is undertaken under General or Local Anesthesia in a
hospital / day care centre in less than a day because of technological
advancement and which would have otherwise required hospitalization of
more than a day.
(xxxii) MATERNITY EXPENSES BENEFIT EXTENSION : Hospitalization expenses
in respect of the new born child can be covered within the Mothers Maternity
expenses. The maximum benefit allowable under this clause will be up to
Rs 50,000/- for normal delivery and Rs. 75,000/- for Caesarean Section.
(xxxiii) Baby Day one Cover: New born baby is covered from day one. All expenses
incurred on the new born baby during maternity will be covered in addition
to the maternity limit and up to Rs, 20,000/-.
(xxxiv) Ambulance Charges: Ambulance charges are payable up to Rs 2500/- per
trip to hospital and / or transfer to another hospital or transfer from hospital to
home if medically advised. Taxi and Auto expenses in actual maximum up to
Rs 750/- per trip will also be reimbursable.
52
(xxxvi)
(xxxvii)
(xxxviii)
(xxxix)
xl)
(xli)
(xlii)
(xliii)
Treatment for Genetic Disorder and stem cell therapy shall be covered
under the scheme.
(xliv)
(xlv)
AI
BE
(xxxv)
53
(xlvii)
(xlviii)
(xlix)
AI
BE
(xlvi)
(l)
The above stated scheme would not supersede the continuation of any
bank-level arrangement or scheme providing for reimbursement of medical
expenses, which is not covered herein, that may be in operation in any
Bank.
54
Not agreed
Not agreed
Not agreed
AI
BE
Not agreed
Not agreed
Not agreed
Not agreed
55
AI
BE
Since 10th Bipartite Settlement is effective from 1.11.2012, employees who have
retired after 1.11.2012 are eligible to receive the arrears of the revised emoluments from
1.11.2012 till date of retirement. In addition, they are also eligible for revised pension
and commutation and the difference amount will be paid to them.
Since the Basic Pay / Pay has been substantially increased due to merger of DA
upto 4440 points, the Basic Pension also stands increased accordingly. On account of
this, while the commutation amount would be increased substantially, the quantum of
pension after such commutation would stand reduced to that extent.
Hence, a special provision has been added in the Bipartite Settlement (Clause 15)
as under:
Employees in service of the Banks as on 1st November, 2012 and who
have retired thereafter but before 25th May, 2015, and who had opted for
commutation of pension will have an option not to claim incremental
commutation on revised Basic Pension.
Hence such retired employees can exercise their option either (1) to receive the
arrears of commutation and reduced pension or (2) not claim the arrears of
COMMUTATION and receive higher monthly pension.
The example given herein would explain the position clearly and would help such
retirees to exercise their option as they desire.
With greetings,
Yours Comradely,
C.H. VENKATACHALAM
GENERAL SECRETARY
56
9TH BPS
10TH BPS
24,900
40,710
1,180
1,930
PQP
1,230
2,010
800
1,310
28,110
45,960
14,055
22,980
15,475
7,652
29,530
30,632
AI
BE
BASIC PENSION 50 %
TOTAL PAY
INCREASE IN PENSION
1102
4685
7660
551,518
901,735
350,217
9370
15,320
15,475
7,652
24,845
22,972
1,873
31,306
318,911
2658
REDUCTION IN PENSION
1,873
57
Basic pension
1/3 Basic pension commuted
Commutation amount
2/3 Basic pension
DA May, 2015 on 14055/22980
Total Pension
45,960
14,055
22,980
4,685
(no change)
4685
515,518
9,370
18,295
15,475
7,652
24,845
25,947
AI
BE
Increase in Pension
28110
Pay
Receivable
under 10th BPS
1,102
58
10TH BPS
14,150
23,130
340
560
400
655
14,890
24,345
BASIC PENSION 50 %
7,445
12,172
8,197
4.053
15,642
16,225
TOTAL PAY
AI
BE
COMMUTED PENSION
COMMUTATION AMOUNT
583
2,482
4,057
292,181
477,590
185,409
4,963
8,115
8,197
4,053
13,160
12,198
992
16,940
992 x 4 = 3968
168,469
1404
REDUCTION IN PENSION
992
59
Receivable
under 10th BPS
14,890
24,345
Basic pension
7,445
12,172
2,482
2,482
292,181
4,963
9,690
8,197
4,053
13,160
13,743
Total Pension
AI
BE
Increase in Pension
Commutation amount
(no change)
583
60
Dear Sirs,
AI
BE
Consequent upon the above wage revision, the pension, dearness relief, family
pension, minimum pension, etc., payable in respect of those employees who ceased
to be in service on or after 1.11.2012 and are eligible for pension, need to be revised.
We give below for your guidance, the details in this regard.
(I) PENSION
The basic pension will be revised on the basis of the revised pay
w.e.f. 1.11.2012.
(II) DEARNESS RELIEF
The dearness relief shall be payable for every rise or be recoverable for every
fall, as the case may be, of every 4 points over 4440 points in the monthly
average of All India Consumer price index for Industrial Workers in the series
1960 = 100 at the rate of 0.10 per cent per slab on the basic pension.
61
AI
BE
Note:- In the case of part-time employees, the minimum amount of family pension and
the maximum amount of family pension shall be in proportion to the rate of scale wages
drawn by the employee.
(IV) MINIMUM PENSION
Stagnation Increment
AI
BE
Under the recently signed 10th Bipartite Settlement, it has been agreed that employees shall be
eligible for 8th stagnation increment on 1st May, 2015 or two years after receiving the seventh
stagnation increment, whichever is later.
It has been further agreed that the period of 3 years shall be reduced to 2 years for sanction of
6th stagnation increment. Accordingly it has been provided in the Settlement that an employee
who has completed two years or more after receiving the fifth stagnation increment as on 1st
November, 2012 shall receive the sixth stagnation increment as on 1st November, 2012.
In this connection, we advise that the financial benefit on account of this reduction of eligibility
from 3 to 2 years for sanction of the 6th stagnation increment shall accrue on or after 1.5.2015
since the additional cost of such reduction in periodicity from 3 to 2 years has been adjusted at
50% of the actual cost and hence to be effective from 1.5.2015 (30 months out of 60 months of
the period of the Settlement).
However, under clause 40 of the settlement dated 25.5.2015 in Implementation it has been
inadvertently mentioned as under:
3
In view of the adjustment of cost as 50% of the total cost towards improvements in stagnation
increment/s this needs to be corrected and read as under:
3
63